Zero-interest loan (PTZ or PTZ+) - Purchase of old housing
Verified 05 avril 2024 - Directorate for Legal and Administrative Information (Prime Minister)
The PTZ is used to finance in part the purchase of an old dwelling (i.e. a dwelling) completed more than 5 years) with energy-saving or improvement works (creation, modernization, refurbishment or improvement of living space or ancillary surfaces). The PTZ can also finance the simultaneous purchase of outbuildings (garage, parking space...).
It is not granted only one PTZ for the same operation real estate.
Your future home must comply with the following 3 conditions :
1. Housing in zone B2 or C
Your future home must be in a municipality situated in zone B2 or C.
To know the area of the commune of your future housing, you can use this simulator:
Know the area of his commune: A, Abis, B1, B2 or C
2. Housing with improvements to be made
The TZP is to be used to partially finance the purchase of old housing and carrying out improvement work.
This work must represent at least 25% the total cost of the operation to be financed.
This may include:
- Improvement work (creation, modernization, cleaning up or improvement of living areas or ancillary areas)
- Energy-saving work (unless financed by an eco-PTZ or for the installation of oil, coal or gas heating). The annual energy consumption of the dwelling (heating, hot water, cooling) must be less than 331 kWh/m². This condition may be demonstrated by an energy assessment or a DPE: titleContent indicating at least Class E, after work.
Warning
- You must begin this work after obtaining the PTZ. However, in the case of a contract for sale of building to be renovated (VIR) or a contract of rental-purchase of real estate (PSLA)However, work can begin before obtaining the PTZ.
- The works must be completed within a period which may not exceed 3 years from the date of issue of the PTZ offer. However, you may be granted additional time in certain cases (force majeure, natural or technological disaster, illness or accident, litigation procedure).
3. Dwelling to be used as a principal residence
Your home must become your primary residence:
- At the latest 1 year after its purchase or completion of the work
- Either from retirement, which must occur at the latest 6 years after the purchase or completion of the work. Until you retire, you can rent the accommodation, under certain conditions.
To qualify as your principal residence, you must inhabit it at least 8 months of the year. But a home that you occupy less than 8 months a year can still be considered your main residence, in one of the following cases:
- Force majeure
- Reason for health
- Obligation linked to the professional activity (regular travel, official accommodation...)
- Rental pending your retirement.
The amount of your income to be taken into account corresponds the greater of:
- Total of your reference tax income and that of other persons who will live in the dwelling. The tax income to be taken into account is that for year N-2. For a 2024 application for PTZ, this is the 2022 benchmark tax income, recorded on the 2023 tax notice. If you have revenue from the foreigner, it is to be taken into account. You will need to provide proof of this when applying for PTZ.
- Total cost of the real estate operation to be financed TTC: titleContent divided by 9
To obtain a PTZ, the amount of your income must be less than a certain amount.
This amount depends in particular on the area of the commune of your future housing.
FYI
To obtain the PTZ, the municipality of your future housing must be located in zone B2 or zone C.
Number of persons accommodated | Zone B2 | Area C |
|---|---|---|
1 person | €31,500 | €28,500 |
2 people | €47,250 | €42,750 |
3 people | €56,700 | €51,300 |
4 people | €66,150 | €59,850 |
5 people | €75,600 | €68,400 |
6 people | €85,050 | €76,950 |
7 people | €94,500 | €85,500 |
From 8 people | €103,950 | €94,050 |
A simulator makes it possible to know the area to which the municipality belongs:
You must not have owned your principal residence in the 2 years prior to the TTZ.
However, this condition does not apply if you are in at least one of the following :
- You have either usufruct, or bare-ownership of your principal residence
- You or one of the occupants of the dwelling have a mobility card inclusion marked invalidity, or a disability card of 2e or 3e category (absolute inability to work), or collect theAAH: titleContent or theAEEH: titleContent
- A natural or technological disaster has made your home permanently uninhabitable. In this case, you must apply for a loan within 2 years of the publication of the order establishing the disaster.
FYI
If you have obtained a PTZ and are selling your home to buy a new one, you can request the transfer of your PTZ.
Estimate the amount of PTZ
You can estimate the amount of your PTZ using this simulator:
Simulator - Zero Rate Loan (PTZ)
How to calculate the maximum amount of PTZ?
The maximum amount of your PTZ is calculated from several information:
1re information: the total cost of the property transaction to be financed TTC: titleContent
But that total cost, taken into account in determining the PTZ, is capped.
Here's the maximum cost taken into account for the calculation of the PTZ :
Number of persons accommodated | ||
|---|---|---|
Zone B2 | Area C | |
1 person | €110,000 | €100,000 |
2 people | €165,000 | €150,000 |
3 people | €198,000 | €180,000 |
4 people | €231,000 | €210,000 |
From 5 people | €264,000 | €240,000 |
Example :
For a house, which will be inhabited by 2 people, located in a municipality in zone Cand whose total cost of the operation to be financed (including VAT) is €163,000, on total cost taken into account for the calculation of the PTZ is €150,000.
Reminder
A simulator allows you to know the area of the municipality of your accommodation:
2e information: the amount of your income
The amount of your income to be taken into account corresponds the greater of:
- Total of your reference tax income and that of other persons who will live in the dwelling. The tax income to be taken into account is that for year N-2. For a 2024 application for PTZ, this is the 2022 benchmark tax income, recorded on the 2023 tax notice. If you have revenue from the foreigner, it is to be taken into account. You will need to provide proof of this when applying for PTZ.
- Total cost of the real estate operation to be financed TTC: titleContent divided by 9
3e information: the income bracket to which you belong
You can know the income bracket to which you belong, using the amount of your income.
To do this, you must divide the amount of your income by a family coefficient.
This family ratio depends on the number of people housed.
The family coefficients to be used are:
Number of persons accommodated | Family factor to be used |
|---|---|
1 person | 1 |
2 people | 1.5 |
3 people | 1.8 |
4 people | 2.1 |
From 5 people | 2.4 |
Example :
For a home that will be inhabited by 2 people, the family coefficient to be used is 1.5.
For a income amount of €30,000, the income bracket shall be determined using the following calculation: €30,000/1.5 = €20,000.
To know the income bracket to which you belong, you have to compare the amount obtained (by dividing the amount of your income by your family coefficient) to the following amounts. :
Amount of your income divided by your family coefficient | Corresponding income bracket | |
|---|---|---|
Zone B2 | Area C | |
Up to €18,000 | Up to €15,000 | Slice 1 |
From €18,001 to €22,500 | From €15,001 to €19,500 | Slice 2 |
From €22,501 to €27,000 | From €19,501 to €24,000 | Slice 3 |
From €27,001 to €31,500 | From €24,001 to €28,500 | Slice 4 |
Example :
For a house whose municipality is in zone C, which will be inhabited by 2 persons, and whose amount obtained by dividing the amount of your income by the family coefficient is €20,000, the income bracket correspondent is the tranche 3.
Using the income bracket so determined, you can know the maximum amount of your PTZ.
To do this, you need to multiply the total cost taken into account for the calculation of the PTZ by a percentage which varies according to your income bracket.
Here are these percentages :
Income bracket | Matching Percentage |
|---|---|
Slice 1 | 50% |
Slice 2 | 40% |
Slice 3 | 40% |
Slice 4 | 20% |
Example :
For a dwelling with total cost taken into account for the calculation of the PTZ is 150 000 €, and belonging to tranche 1, the maximum amount of the PTZ is 150 000 € x 40 % = 60 000 €
The amount of your PTZ is in particular fixed taking into account the maximum amount of the PTZ thus determined, and characteristics of other loans to finance your real estate project.
Indeed, the amount of the PTZ must meet the following 2 conditions:
- It must not exceed the amount of the other loan(s) more than 2 years that finance, with the PTZ, your real estate project.
- When the amount of the PTZ is 50% of the total cost of operation to be financed, that amount shall not exceed 25% the amount of the other loan(s) over 2 years that finance your real estate project.
Example :
For a real estate project of €100,000, to be financed by a 20-year loan and a PTZ. Your situation (income and location of housing) allows you to obtain a PTZ equivalent to 50% of your real estate project, that is €100,000 x 50% = €50,000
In this case, your PTZ amount must not exceed your other loan amount by more than €50,000 x 25% = €12,500.
This means that if you have a personal contribution for your other loan:
- The amount of your other loan and your personal contribution must total €50,000
- The amount of your other loan must not be less than €50,000 - €12,500 = €37,500
- Your personal contribution can go as far as €12,500
The repayment term of the PTZ cannot not to exceed 25 years.
The repayment term depends on how much you earn. The higher your income, the shorter the term of the loan.
The PTZ must be refunded:
- Either in 1 period only
- That is, in 2 periods, when there is a delay in repayment. During 1re period, that of the deferred, you do not refund your PTZ. This period may not be less than 2 years.
Only financial institutions having signed an agreement with the State (for example, a bank) may grant a PTZ.
Each institution shall evaluate freely your ability to repay a loan (called your creditworthiness) and your warranties.
The hotel is not obligatory to grant you the PTZ.
You must apply for the PTZ in addition to at least 1 other loan.
This may include one of the following loans:
- Social Accession Loan (SAP)
- Agreed loan
- "Classic" Bank Mortgage
- Home Savings Loan
- Supplementary loan
Who can help me?
Find who can answer your questions in your region
Terms of the loan
Terms of the loan
Maintenance of the loan
Maintenance of the loan
Loan amount (deal amount and applicable rate)
Length of loan
Definition of a new building after completion of works (2° of 2 of I of Article 257)
To know the area of the municipality
To know the municipalities where you can benefit from a PTZ in the old with working conditions
Simulator
Document template
Ministry of Economy
Ministry responsible for the city
National Agency for Housing Information (Anil)
National Agency for Housing Information (Anil)
Ministry of Housing
General Directorate of Public Finance
